Property
Home buyers are waiting to see where market lands: bank
7 October
Home buyers are holding off to see where the falling Australian housing market lands as high interest rates, stubborn living costs and federal tax changes weigh on valuations.After a strong financial year of loan growth at People First Bank –...[Read More]
Housing update to show target slipping further away
7 October
Australia is set to fall further behind on its bid to build 1.2 million new homes in five years.Less than two years in, the nation is already more than 100,000 homes short of schedule.The deficit is unlikely to be narrowed when the Australian Bureau...[Read More]
Four strategies to safeguard your financial future
1 October
Financial stability doesn’t usually come by chance; it requires preparation and strategy. Most of us depend on a steady paycheck, but few consider what would happen if it disappeared suddenly. Protecting yourself against financial disaster...[Read More]
More pain brews for borrowers as rates hit 15-year high
30 September
Cash-strapped borrowers are being warned of more hikes to come by the Reserve Bank of Australia after it lifted interest rates to a 15-year high.In a unanimous decision, the central bank’s nine-member board lifted the cash rate target by 25 basis...[Read More]
Aussies forgoing lifestyle for homes in record numbers
30 September
Australians are willing to cut back their spending in record numbers to afford a property, affirming the ongoing value of home ownership, new data shows.More than 75 per cent of residents were willing to cut their spending back to afford a home, a...[Read More]
September hike firms as RBA inflation fears come true
23 September
Economists at one of Australia’s big four banks expect the Reserve Bank to raise interest rates imminently after the central bank’s governor issued a dire warning about inflation.Michele Bullock told a parliamentary hearing in Canberra that it...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
16 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says.With rising inflation pressures from the Middle East and more broadly around...[Read More]
‘Doing what we want’: Labor stands by housing tax moves
16 September
Changes to property tax breaks in the federal budget are working, the housing minister says, as data shows most home vendors are still making massive profits despite a downturn.Clare O’Neil brushed off figures from the Housing Industry Association...[Read More]
Australians are ‘furious’ about inflation: RBA deputy
9 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says.Ahead of the central bank’s meeting later this month on interest...[Read More]
Reserve Bank’s grim rates warning as oil prices spike
9 September
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel.More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep...[Read More]
Cold start to nation’s normally hot home sales season
9 September
Australia’s peak property season has opened with a whimper, featuring low stock and lacklustre auction success rates.Capital cities hosted just 1462 auctions in the first week of spring – more than 30 per cent down on the figure for a year...[Read More]
Spring refresh: 7 things to do inside and outside your home
3 September
Spring has a way of making us look at our homes differently. After months of colder weather, closed windows, heavier fabrics and less time outdoors, the arrival of longer days and warmer temperatures creates the perfect opportunity for a reset.You...[Read More]
Property market to face ‘deeper correction’, bank warns
2 September
Australia’s largest home lender has warned property prices could fall in capital cities by 10 per cent, with the downturn faster and broader than expected.The Commonwealth Bank said in a housing update it expects a deeper correction in the...[Read More]
‘Green light’ for rate hike as GDP growth surprises
2 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]